OTHER U.S. REGIONS: CorEnergy announces continued listing notice from NYSE; NIPSCO files plans to build $644 million natural gas peaker; Potential natural gas generator draws opposition from clean energy activists; NATIONAL: Analysts expect 47 billion-cubic-foot rise in U.S. natural-gas inventories.
Read More “Other Stories of Interest: Thu, Sep 14, 2023”
The Ohio Dept. of Natural Resources (ODNR) has “temporarily” suspended the operations of four fracking waste injection wells in Athens County. ODNR says the wells present an “imminent danger” to health and the environment. One of the wells, owned by Reliable Enterprises LLC, is located in Rome Township. The other three are owned by K&H Partners and located in Torch.
Read More “ODNR Temporarily Shuts Down 4 Injection Wells in Athens County”
Two days ago, the natural gas (feedgas) flowing to the Freeport LNG export facility on Quintana Island, TX, had dropped to roughly 31% of its potential capacity (see Feedgas to Freeport LNG Dropped Last Weekend, Down 69% Yesterday). Yesterday, feedgas flows to Freeport dropped all the way to zero. A company spokesperson declined to comment on the situation.
Read More “Freeport LNG Feedgas Drops to Zero, Indicates Ongoing Outage”
In August 2022, Columbia Gas Transmission (a subsidiary of TC Energy) filed with the Federal Energy Regulatory Commission (FERC) to build the Virginia Reliability Project (VRP), which includes two new compressor units and the replacement of existing pipeline (see Columbia Files w/FERC to Replace 48 Miles of Pipe in Southeast Va.). VRP will add 100 MMcf/d of incremental capacity on Columbia’s system to service delivery points in southeast Virginia, namely Virginia Natural Gas. In April of this year, the Federal Energy Regulatory Commission (FERC) issued a draft Environmental Impact State (dEIS) that finds the project won’t hurt Mom Nature (see Columbia Virginia Reliability Pipe Project Gets Favorable dEIS). Like mind-numbed robots, the radical left continues to spout nonsense that VRP is racist.
Read More “Lefties Say Columbia Virginia Reliability Pipe Project is Racist”
Actions have consequences. Environuts, like the lefties in Maine, seem to forget that. In early 2021, Summit Natural Gas of Maine, a regional utility company, announced plans to extend its service territory into Maine’s Midcoast region with a $90 million pipeline project (see Summit Natural Gas of Maine Plans Small $90M Pipe in Midcoast). The company’s expansion into Knox and Waldo Counties would bring natural gas to residential and commercial customers, like the Dragon Cement plant in Thomaston, and to the communities along the Route 1 corridor. After the announcement, environuts raised such a fuss that Summit surrendered without a fight and canceled the project (see Environuts Cause Summit to Cancel $90M Pipe Project in Maine). Dragon says because of the canceled pipe, it will now close the plant, devastating Thomaston with lost jobs and lost tax revenues. Consequences.
Read More “Maine Cement Plant Closing Because Gas Pipeline was Canceled”
The United States exported more liquefied natural gas (LNG) than any other country in the first half of 2023, displacing both Australia and Qatar, which previously rotated in holding the top spot. The U.S. exported 11.6 billion cubic feet per day (Bcf/d) during 1H23, up 4% (0.5 Bcf/d) from 1H22. Australia was #2 in 1H23, exporting 10.6 Bcf/d. Qatar was #3 with 10.4 Bcf/d.
Read More “U.S. Grabs Top Spot as LNG Exporter Worldwide First Half of 2023”
Earlier this year, Sempra Infrastructure, a subsidiary of Sempra, announced it had reached a positive final investment decision (FID) for the development, construction, and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas (see Port Arthur LNG Pulls Trigger on FID, Tells Builder to Start Work). Sempra worked out all of the remaining financial aspects of the deal, including the sale of a non-controlling piece of the project to investment firm KKR and forming a joint venture with ConocoPhillips. Yesterday, Sempra announced it had closed on the deal with KKR.
Read More “Sempra Sells 42% of $13B Port Arthur LNG Phase 1 to KKR”
Another great American university has fallen to the forces of radical left Communism–New York University (NYU). Rich kids with no purpose in life other than to navel gaze and worry about the latest Taylor Swift video have found a new purpose: try to get the old farts in the board rooms at their school to divest from fossil fuel stocks. Not because it actually makes sense or would improve anything–but just to see if they can do it. Fortunately, 99% of colleges and universities have decided against divestment. Back in 2016, NYU and Cambridge University told the brainwashed kids to buzz off (see NYU, Cambridge U Reject Calls to Divest from Fossil Fuel Stocks). What a difference seven years makes.
Read More “NYU Caves to Brainwashed Kids, Pledges to Divest Fossil Fuels”
MARCELLUS/UTICA REGION: Company sparks realization of Utica Shale welding lab; Bryan Municipal Utilities to store natgas for emergency peak shaving; OTHER U.S. REGIONS: Denbury announces expiration of HSR Act in proposed Exxon buyout; NATIONAL: Natural gas ends sharply higher on storage forecasts; Crude oil finishes at 10-month highs, energy top of S&P standings; AEA joins coalition to Save Our Cars; INTERNATIONAL: Oil jumps 2% to near 10-month high as OPEC predicts tight supplies; BP CEO Looney resigns over personal relationships with colleagues; Gas markets are becoming ‘extremely difficult’ to predict.
Read More “Other Stories of Interest: Wed, Sep 13, 2023”
Aggressive “protesters” and the nonprofits that organize and send them out are finally getting some of their own medicine. Big Green funds frivolous lawsuits, and when those lawsuits are finally exhausted (and have failed), Big Green pays protesters to engage in illegal stunts aimed at shutting down the construction of projects like the 94% completed Mountain Valley Pipeline (MVP). Protesters are aggressively attempting to delay the final 6% of MVP construction, even though the completion of MVP is guaranteed by an Act of Congress (see Equitrans Announces Mountain Valley Pipe to Get Completed in 2023). We’ve reported on the recent actions of MVP protesters in chaining themselves to construction equipment, forcing delays and costing money. Now, MVP intends to collect some of the money they’ve had to pay because of the illegal delays by protesters and the NGOs that sponsor them. It’s about time.
Read More “MVP Files Lawsuit Against Anti Groups, Protesters for $4 Million”
While speaking at the Barclays CEO Energy-Power last week, Chesapeake Energy CEO Nick Dell’Osso told attendees there will be 10 Bcf/d (billion cubic feet per day) of more demand for U.S. natural gas beginning in 2024 to help feed new LNG export facilities coming online next year and the year after. Where will the gas come from? Unfortunately, it won’t come from the Marcellus/Utica. According to Dell’Osso, most of the increase will come from the Haynesville and the Permian.
Read More “Dell’Osso Says Extra 10 Bcf/d of NatGas Demand Coming in 2024/25”
The Ohio River Valley Institute (ORVI) is nothing more than a front group, another name for the ultra-left, biased, and virulent anti-fossil fuel Heinz Endowments. ORVI pokes its head up periodically to issue “reports” (i.e., propaganda) bashing fossil energy, like a recently updated report claiming the shale industry didn’t create any jobs or economic benefit in the Marcellus/Utica (see ORVI Updates Fake Report Claiming No $ Benefits from M-U Fracking). Pure B.S. Yesterday, the same B.S. was spread on thick for reporters attending an all-day event in Pittsburgh, except yesterday’s ORVI session hated on hydrogen. Yep, the left hates hydrogen energy–an energy that burns clean and doesn’t produce any CO2. Go figure.
Read More “Fossil Energy-Hating Ohio River Valley Inst. Hates Hydrogen Too”
According to multiple sources, feedgas (natural gas) flows to Freeport LNG (south of Houston, located on Quintana Island, Texas), the second-largest U.S. LNG exporter, dropped sharply over the weekend and remained down for the third day in a row on Monday. Freeport has the capacity to accept 2 Bcf/d (billion cubic feet per day) of feedgas. As of yesterday, the plant accepted 622 MMcf for the day, about 31% of maximum capacity. What’s going on?
Read More “Feedgas to Freeport LNG Dropped Last Weekend, Down 69% Yesterday”
WhiteHawk Energy, headquartered in Philadelphia, with ownership of mineral and royalty interests for 850,000 gross unit acres and over 2,500 producing horizontal shale wells between the Marcellus and the Haynesville, proposed marriage to PHX Minerals, based in Fort Worth, Texas, owner of 75,000 leased mineral acres principally located in the SCOOP and Haynesville plays. PHX rebuffed the proposal (see PHX Minerals Says WhiteHawk Marriage Proposal “Grossly Inadequate”). A second company, a major shareholder in PHX that owns 4% of the company’s stock, is now also pressuring PHX.
Read More “Major Shareholder Pressures PHX for Transparency re Merge Offers”
ExxonMobil recently published “The Global Outlook,” the company’s latest view of energy demand and supply through 2050. The document forms the basis for Exxon’s business planning and is “underpinned by a deep understanding of long-term market fundamentals.” Exxon is making short-term decisions based on this long-term document. And what does this document say? It says, contrary to the fantasies of leftists, that fossil energy (petroleum, natural gas, and coal) will still make up 68% of the world’s energy sources in 2050, some 30 years from now. That’s down from 82% today. Oil and gas by themselves will provide 54% of the world’s energy in 2050. O&G is still the one.
Read More “Exxon Annual Report: O&G to Provide 54% of World Energy in 2050”
INTERNATIONAL: World at ‘beginning of end’ of fossil fuel era, IEA says; Strike-hit Chevron Australia to invoke govt’s forced settlement powers; German parliament passes law to phase out gas and oil heating.
Read More “Other Stories of Interest: Tue, Sep 12, 2023”